Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Crystallex International
So what: Crystallex, a developer of gold properties, fell as gold traded lower late in the day. There was no major news announced by the company today.
Now what: Gold's move lower happened as the dollar strengthened, following a similar pattern to Tuesday. Lower gold prices lead to lower returns for Crystallex, causing the drop in share price. Without any news from the company, this Fool doesn't have the stomach to buy a dip based on one-day currency and gold market swings.
Interested in more info on Crystallex International? Add it to your watchlist here by clicking here.
Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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